“Groww updated DRHP filing for IPO November marks a key step toward the company’s upcoming stock market debut. The Bengaluru-based investment platform is preparing to submit its updated Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI), and, according to an ET report, the filing could happen as early as next week.”
“According to the report, Groww is planning a public listing by November with an IPO size estimated between $700 million and $1 billion. At this scale, the Bengaluru-based investment platform is aiming for a market valuation in the range of $7 billion to $9 billion.”
“The Groww IPO is expected to include a mix of fresh issue and offer for sale, allowing some early investors to partially exit. Groww’s investor base features notable names such as Y Combinator, Peak XV Partners, Tiger Global, and Ribbit Capital. Y Combinator backed the company at the seed stage in 2018, while Peak XV Partners and Ribbit Capital joined during the Series A and B funding rounds. In 2021, Tiger Global led an $83 million investment that propelled Groww into India’s unicorn club.”
Groww IPO Journey: From Draft Papers to SEBI Clearance :-
“Groww has secured $596 million in equity funding so far, with its latest $200 million round—led by Singapore’s sovereign wealth fund GIC and Iconiq Capital—valuing the company at $7 billion. In FY25, Groww reported a threefold jump in net profit to ₹1,819 crore, while revenue grew 31% to ₹4,056 crore. Founded in 2016 by former Flipkart executives Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal, the platform started as a mutual fund investment app and has since diversified into stockbroking, digital lending, payments, and wealth management. This strong growth trajectory further strengthens investor confidence ahead of the Groww IPO.”
